Over half of the world’s cryptocurrency exchanges have potentially serious security flaws, according to research from ICORating.
In examining 100 exchanges with daily volumes exceeding $1m, analysts found critical holes in account creation and lax security measures elsewhere. These included allowing short passwords that didn’t require alphanumerics (both letters and numbers), allowing users to create accounts without a traceable email address, and across-the-board dodgy domain security.
Binance, the largest exchange by volume, sits in 17th place in the list of most secure, while Zaif, the Japanese exchange recently hacked for 6,000 BTC lies
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